LBC almost at a crossroads - Break out to the upside?
LBRY's native token has been in decline ever since it hit it's all time highs this time last year, since then we've seen it slowly drop back down close to it's all time low back at the beginning of 2017.
Fundamentally the token is sound, the project is one of the few innovative projects in the crypto space and the software is improving all the time. With this in mind the LBRY credits are in my opinion currently highly undervalued and the RSI adds weight to to this opinion.
But aside from the fundamentals as you can see we have been in a downward trend for a year now in a large descending triangle which is about to bottom out. The next 24 - 48 hours are critical, if it breaks below 0.000015 BTC expect a collapse down to the 0.0000135 BTC region, however if it can reach up above 0.000018 BTC and hold for at least 12 hours it should lead to further gains as a new trend to the upside is established.
Of course with all eyes on Bitcoin at this point any sudden large drop in the king of Cryptos can often drag all the other markets down with it, but even harder!
I'll check back in 48 hours to see where we are with this, in the meantime if your not familiar with this project head over to lbry.io
Poloniex
BTC: Falling Wedge + WyckoffBTC has formed a bullish fractal: Falling Wedge.
Usually these patterns breakout on the 5th touch (purple rectangles)
Next to this the BTC price action these couple months is very similar to the Wyckoff accumulation method.
BTC is heavily begin accumulated and I don't think we see a lower low.
DigiByte : Sleeping Giant ? Trade Warnings !Warnings :
-The Current Hike is due to rumors of it listing on Binance. ( 'N' number of people have been rekt in This Binance listing Hypes)
-Highly Speculated Coin : There are even Telegram groups for its speculation : @DGBwaves & @DGB_Speculation
-McAfee's Shill
That being said I am entering this trade upto 50 Sat. You can still wait for this Binance Hype to be over but for me High Risk Yields High Return !
For Lazy or To the point readers :
DGB
Long : 0.0000050 or Below ( Step buy orders Downside )
Take Profit : Step short orders
T1 : 0.0000054
T2 : 0.0000058
T3 : 0.0000064
T4 : 0.0000070++
SL : 0.0000040 ( Risk Apetite : Normal )
0.0000025 ( Risk Apetite : High )
Keep Raising your SL at 3-5% with the increase in Price.
Risk : Medium
Term : Short / Mid ( Depending on the Total Market Volume )
Invest : 8% or Less of Your Portfolio
Warning Again : This is not a safe investment looking at the current indecisive market. The current atm technical indiactors are bullish but do not rely them on much. Invest only if you have good risk apetite.
Why Are you suggesting for this trade then ?
- Highly Speculated
- Hard fork 21 June
- Artis Tumba Listing 30 June
- Somewhere Keynote Speaker 12 July ( Irrelevant Factor )
Spikes & Crashes in Price
As with all cryptocurrency, DigiByte’s price has been volatile recently. Up until 2017, it’s price remained relatively constant, with only slight growth. However, 2017 and 2018 saw a series of spikes and crashes for DGB.
A June 2017 spike came when DigiByte hinted at an impending announcement on Twitter. Investors looking to make money off the announcement quickly bought into DigiByte. This pumped the price. However, the announcement didn’t come for several more days. It introduced a new wallet and a few added features. By the time of the announcement, the price of DGB had already collapsed to near pre-announcement levels.
Digibyte’s price spiked again in December 2017-January 2018. John McAfee, a popular crypto-investor, tweeted about DigiByte as a company worth watching. The resulting December spike carried into the new year. But, it eventually collapsed along with the rest of the crypto market in the correction of January 2018.
Future of Digibyte
Traction is the name of the game for DigiByte. So far in its four-year history, it hasn’t gotten much. 100,000 nodes is a respectable network size for an alternative currency. However, DigiByte is a relatively old currency, and it has had opportunities to gain massive support with the right messaging and public relations.
DigiByte is currently gaining traction in gaming community. An offshoot of DigiByte, DigiByte Gaming, offers DGB to gamers in exchange for time spent playing certain games.
Tate, the CEO, has promised to focus on public outreach and the DigiByte Foundation this year. At this point, gaining greater adoption is the largest challenge facing the project. DigiByte’s fate hangs in the balance. It could take off as a leader in speed, scalability, and security; or it could languish in continued relative obscurity.
BTC/USDTWe are in a ascending wedge pattern marked by the red trend lines, this means there is a high chance of a notable price drop in the near future. If we can break through the top of the wedge pattern then test the overhead resistance at 7850 we can expect some large breakouts. Again my current thoughts are bearish, but there is a good chance we can break this wedge and continue into the hand of the bulls.
This is in no way financial advice and by no means should anyone take this as advice. I'm new to technical analysis and would love your opinions whether they're they're the same as mine or opposing. You can never have to many outlooks on life.
BTC/USDTAgain looking at the hourly chart. Volatility has been high lately, as can be expected with the past market movements.
The orange trend line is what I'm calling a support of some what, if we drop below this line a large fall back to 7000 mark can be expected. I'm going to call it a confirmed uptrend once we cross through the yellow down trend line around the 7600 mark around the 02JUN18. MACD is showing signs of a golden cross shortly which will give some more bullish momentum.
Like always I'm by far a professional trader and not a Financial Advisor. Under no circumstances take this as financial advice.
I'm only new to technical analysis and I'm open to other ideas that I may have missed. In advance Thank you!
IRApTOIR out.
Watch me make some money on this stellar shortI KNOW, there is an inverse head and shoulders. But sometimes you have to go with your gut. This is a short. Timeframe of 2 hours to 6 days. Looking for atleast 6% gain.
Stop loss is a little above the red zone. I'm going to let this one play out a little more then I normally do.
It all has to do with what BTC is going to do.
Stellar went much lower after my previous trade. Stellar now is oversold. People afraid to buy it now because thinking that it can go lower.
But R/R ratio is pretty good for this trade. When people will understand that is is bottom they will panic buy.
If not, use your SL
Zcash (ZEC) Isn't Playing Around (233% Earnings Potential)When Zcash (ZEC) run started last year, it went on for 2 full months. Normally, these coins tend to shot up for a short while and then retrace quickly and consolidate for long. Big altcoins, such as Zcash, tend to go on longer bull runs and this one is starting to show some massive action.
ZEC also does some pretty wild price swings, which is great for swing traders.
Zcash (ZEC) Trade Analysis by Alan Masters
Zcash started moving on the 14th May, a really strong breakout. After three positive days there was a retrace, I was hoping to see the price consolidating a bit in order to wait for a strong entry point, but ZEC started moving again, and lots of our supporters and readers contacted me asking for the details to trade this coin. Let's do it, let's take a look at ZEC.
EVENTS
Let's start with the events:
- Gemini Exchange Listing (19 May) DONE.
- Network Upgrade 0 (30 June).
- Network Upgrade 1 (30 September).
TRADE INSTRUCTIONS
Buy in: 0.0329 - 0.0448
Zcash (ZEC) targets by Alan Masters:
(1) 0.0523
(2) 0.0590
(3) 0.0653
(4) 0.0743
(5) 0.0863
(6) 0.1023
(*) 0.1696 (All Time High)
Stop loss: 0.0292
YES! I AM GRATEFUL
Thanks for everything.
Thanks for life.
Thanks for love.
Thanks for the great opportunity.
Thanks for everything, even the things that are out of my own.
YES! I AM GRATEFUL... Forever more.
Namaste.
BitShares- Driving Like The Fast And The Furious or Mr... Magoo?
BUY ZONE #1 = .00003075 - .00003110
BUY ZONE #2 = .00003219 - .00003264
TARGET #1 = .00003200 - .00003238
TARGET #2 = .00003310 - .00003346
TARGET #3 = .00003468 - .00003504
STOP-LOSS = .00002960
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
POSIBLE CUP AND HANDLE PARA BYTECOIN?? TAZITA DE TE PARA BCNPATRON DE "TAZA DE CAFE O TE" EN BYTECOIN.
BTS cup and handle 100% profit potential!!!Bitshares (BTS/BTC) has a beautiful cup and handle formation on the daily chart. We have a nice, rounded cup with low volume at the bottom, then increasing on the sides. The handle retraced a textbook 50%. Measuring from the bottom of the cup to the top of sides, we had an increase of 0.000027BTC. We then use that as a target increasse for the breakout. End target =
around 0.00005300BTC. 100% profit potential